Business 9 November 2026 Nile Post

Equity Bank urges Ugandans in Kenya to shift from remittances to long-term investments

Equity Bank Uganda and the Uganda Network recently hosted a diaspora forum in Nairobi, encouraging Ugandans in Kenya to transform casual remittances into structured, wealth-building assets back home. Source: https://nilepost.co.ug/news/385959/equity-bank-urges-ugandans-in-kenya-to-turn-remittances-into-long-term-investments

Ugandans living and working in Kenya are being encouraged to move past traditional money transfers and instead focus on structured, long-term investments that build sustainable wealth across borders. The call was emphasized during a Diaspora Investment Forum hosted by Equity Bank Uganda alongside the Uganda Network (UGNET) in Nairobi.

The event gathered Ugandan professionals, entrepreneurs, and investors based in Kenya to explore financial solutions and investment opportunities in Uganda. UGNET Chairperson Dr. Phionah Atuhebwe noted that the diaspora functions as more than just a source of remittances, representing a vital pool of capital, innovation, and global professional networks.

Equity Bank Uganda Executive Director Claver Serumaga stated that the institution’s diaspora banking proposition is structured to guide customers through their entire investment journeys. Instead of focusing solely on transactions, the bank aims to forge lasting financial partnerships that secure futures back home.

Delivering the keynote address, Richard Byarugaba, Equity Group Managing Director for Asset Management, advised participants to practice disciplined wealth creation. He stressed the importance of consistent saving, diversification, and utilizing regulated financial institutions to safeguard investments.

During the forum, Equity Bank showcased tailored offerings including diaspora savings accounts, construction financing, investment club accounts, and inter-country banking capabilities. Winfred Warui, Senior Manager for International Banking, highlighted that these solutions support land acquisition, residential construction, and growing agribusiness ventures.

Government officials also voiced strong backing for diaspora initiatives. Uganda’s High Commissioner to Kenya, Eunice Kigenyi, reaffirmed the government’s commitment to providing secure and authenticated pathways for investment. Meanwhile, Kenya’s Ambassador to Uganda, Ababu Namwamba, commended Equity Bank for strengthening regional integration and connecting business communities across both nations.